RKRadico Khaitan532497Update

CFO Dilip K. Banthiya appointed Executive Director; Saket Somani designated Deputy CFO

Radico Khaitan's board approved CFO Dilip Kumar Banthiya as an Additional Director (Whole-time), designated "Executive Director and Chief Financial Officer" for 3 years from Oct 28, 2026, subject to shareholder approval.

By ScoutQuest · Tue 27 Oct 2026, 2:32 PM IST · 2 min read

Two finance leadership changes at the top, both effective October 28, 2026, were approved by the board at its meeting on October 27, 2026 on the recommendation of the Nomination, Remuneration and Compensation Committee.

Executive Director and CFO

• Mr. Dilip Kumar Banthiya (DIN 02063610), presently the Chief Financial Officer, is appointed as an Additional Director in the category of Whole-time Director.
• His designation is "Executive Director and Chief Financial Officer", and he is liable to retire by rotation.
• The term is for a period of 3 Years with effect from October 28, 2026.
• The appointment is subject to the approval of the shareholders of the Company.

His background, as set out in the update

• Over 35 years of experience across corporate finance, mergers and acquisitions, international fund raising, equity and equity-linked offerings, treasury and risk management, and corporate restructurings.
• A Fellow Member of the Institute of Chartered Accountants of India.
• Associated with the Company for over 18 years, during which he led the finance function, strengthened governance frameworks and guided the financing of each phase of its growth.

Deputy CFO

• Mr. Saket Somani, Senior Vice President - Finance & Strategy and a Senior Management Person, is designated Deputy Chief Financial Officer with effect from October 28, 2026.
• The update states that he is already identified as a Senior Management Person under the listing regulations, so the proposed designation does not constitute his induction into the senior management but formalises his enhanced role and responsibilities within the existing management structure.
• He brings around 20 years of experience across corporate finance, strategy, capital markets, investor relations and investment banking.
• A Chartered Accountant, he joined the Company in 2020 and most recently served as Senior Vice President - Finance & Strategy, overseeing financial planning and control, working capital and evaluation of capital projects and new business opportunities.

How the two roles are split

• The Executive Director and CFO provides board-level oversight on the Company's financial direction and governance.
• The Deputy CFO leads financial planning and investor engagement, and drives the wider digital transformation of the organisation.

The accompanying press release describes the appointments as strengthening governance and leadership at two levels, and says they align the leadership structure with the Company's long-term strategy of premiumisation, global brand building and sustainable growth.

What a retail investor can take away

• This is a senior management and board change within the existing finance function, with the current CFO moving onto the board and a long-serving internal executive being given a formal deputy role.
• The board seat for the CFO is for a fixed 3-year term and still requires shareholder approval, which typically comes up at a general meeting.
• The update carries no financial figures, no changes to the board's overall composition beyond this addition, and no stated change in business operations.

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